Service quality in the banking industry: an assessment in a developing economy

Emerald - Tập 17 Số 3 - Trang 116-125 - 1999
Madhukar G. Angur1, Rajan Nataraajan2, John S. Jahera3
1Associate Professor of Marketing, School of Management, The University of Michigan‐Flint, Flint, Michigan, USA
2Associate Professor of Marketing, Auburn University, Auburn, Alabama, USA
3Colonial Bank Professor of Finance, Auburn University, Auburn, Alabama, USA

Tóm tắt

Examines the applicability of alternative measures of service quality in the developing economy of India and assesses related issues in that context. Based on data gathered from customers of two major banks, overall results support a multidimensional construct of service quality and suggest that the SERVQUAL scale provides greater diagnostic information than the SERVPERF scale. However, the five‐factor conceptualization of SERVQUAL does not seem to be totally applicable, and no significant difference was found in the predictive ability of the two measures. Further, although SERVQUAL and SERVPERF have identical convergent validity, SERVPERF appears to have higher discriminant validity than SERVQUAL.

Tài liệu tham khảo

Avkiran, N.K. (1994), “Developing an instrument to measure customer service quality in branch banking”, International Journal of Bank Marketing, Vol. 12 No. 6, pp. 10‐18. Bagozzi, R.P. and Yi, Y. (1988), “On the evaluation of structural equation models”, Journal of the Academy of Marketing Science, Vol. 16, spring, pp. 74‐9. (The) Banker (1998) “India’s state banks still lag the private sector”, April, p. 5. Benink, H.A. (1993), Financial Integration in Europe, Kluwer Academic Publishers, The Netherlands. Bery, S.K. (1994), “India: commercial bank reform”, in Faruqi, S. (Ed.), Financial Sector Reforms, Economic Growth, and Stability, Economic Development Institute of the World Bank, pp. 243‐60. Bisignano, J. (1992), “Banking in the European Economic Community: structure, competition, and public policy”, in Kaufman, G.G. (Ed.), Banking Structures in Major Countries, Kluwer Academic Publishers, Boston, MA. Cronin, J.J. and Taylor, S.A. (1992), “Measuring service quality: a reexamination and extension”, Journal of Marketing, Vol. 56, July, pp. 55‐68. Cronin, J.J. and Taylor, S.A. (1994), “SERVPERF versus SERVQUAL: reconciling performance‐based and perceptions‐minus‐expectations measurement of service quality”, Journal of Marketing, Vol. 58, January, pp. 125‐31. Hoschka, T.C. (1993), Cross‐Border Entry in European Retail Financial Services, St. Martin’s Press, Inc., New York, NY. Jain, S.C. (1993), Marketing Evolution in Developing Countries: The Unfolding of the Indian Market, The Haworth Press, Inc., New York, NY. Jöreskog, K. and Sörbom, D. (1993), New Features in LISREL 8, Scientific Software, Chicago, IL. Joshi, N.C. (1990), “India’s consultancy and projects exports,” India News, December, p. 3. Kaushik, S. (1997), “India’s evolving economic model: a perspective on economic and financial reforms”, American Journal of Economics and Sociology, January, pp. 69‐84. Kotler, P. (1997), Marketing Management: Analysis, Planning, Implementation, and Control, 9th ed., Prentice Hall, Inc., Englewood Cliffs, NJ. Lewis, A. and Pescetto, G. (1996), EU and US Banking in the 1990s, Academic Press, London. McAlexander, J.H., Kaldenberg, D.O. and Koenig, H.F. (1994), ‘‘Service quality measurement: examination of dental practices sheds more light on the relationships between service quality, satisfaction, purchase intentions in a health care setting”, Journal of Health Care Marketing, No. 3, pp. 34‐40. Molyneux, P., Lloyd‐Williams, D.M. and Thornton, J. (1992), “European banking – an analysis of competitive conditions”, in Revell, J. (Ed.), The Changing Face of European Banks and Securities Markets, St. Martin’s Press, New York, NY. Newman, K. and Cowling, A. (1996), “Service quality in retail banking: the experience of two British clearing banks”, International Journal of Bank Marketing, Vol. 14 No. 6, pp. 3‐11. Parasuraman, A., Berry, L.L. and Zeithaml, V.A. (1985), “A conceptual model of service quality and its implications for future research,” Journal of Marketing, Vol. 49, Fall, pp. 41‐50. Parasuraman, A., Berry, L.L. and Zeithaml, V.A. (1988), “SERVQUAL: a multi‐item scale for measuring consumer perceptions of service quality”, Journal of Retailing, Vol. 64, spring, pp. 12‐40. Parasuraman, A., Berry, L.L. and Zeithaml, V.A. (1993), “Research note: more on improving service quality measurement”, Journal of Retailing, Vol. 69, spring, pp. 140‐7. Parasuraman, A., Berry, L.L. and Zeithaml, V.A. (1994), ‘‘Reassessment of expectations as a comparison standard in measuring service quality: implications for further research”, Journal of Marketing, Vol. 58, January, pp. 111‐24. Teas, K.R. (1994), “Expectations as a comparison standard in measuring service quality: an assessment of a reassessment,” Journal of Marketing, Vol. 58, January, pp. 132‐9. Thacker, S. (1997), “India”, International Financial Law Review, July, pp. 29‐30. Ugur, Y. Bilgin, Z. and Shemwell, D.J. (1997), “Service quality in the banking sector in an emerging economy: a consumer survey’’, International Journal of Bank Marketing, Vol. 15 No. 6, pp. 217‐23. Urban, G.L. and Hauser, J.R. (1993), Design and Marketing of New Products, 2nd ed., Prentice Hall, Englewood Cliffs, NJ. Varadarajan, P.R. and Thirunarayana, P.N. (1990), “Consumers’ attitudes towards marketing practices, consumerism and government regulations: cross‐national perspectives”, European Journal of Marketing, Vol. 24 No. 6, pp. 6‐23. Wakefield, K.L. and Blodgett, J.G. (1999), “Customer response to intangible and tangible service factors”, Psychology & Marketing, Vol. 16 No. 1, pp. 1‐18.